According to a latest China online travel booking report by iResearch, China’s total online travel booking revenue in 2009 has increased to $3.74 billion yuan (about US $548 million) from year 2008′s $2.94 billion yuan (US$431 million), up 27.2%. The top online travel booking websites (by revenue) are: Ctrip: 55.6% eLong.com: 9.9% mangocity.com: 6.2% 118114.cn: [...]
TripAdvisor is buying Kuxun.cn, a Chinese flight and hotel search engine, at an undisclosed amount (the rumor is, it is 12 million USD). TripAdvisor, owned by Expedia, plans to invest over US$50 million in China through late 2011. The budget includes buying Kuxun, launching its own Chinese travel-review Web site, Daodao.com and hiring more staff. [...]